Hudson Retiring at Washington Savings Bank; Doedtman to be New President and CEO

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Published on October 3 2013 10:12 am
Written by Greg Sapp

Washington Savings Bank President and CEO Claude Hudson has announced Senior Vice President/Chief Financial Officer David Doedtman has been named the bank's new President and CEO effective January 2, 2014.

Doedtman will succeed Hudson, who leaving the position after 12 years at the helm.  Hudson will continue to serve on the Board.

“David is extremely qualified to become CEO when I retire,” says Hudson.  He adds, “With this announcement, we shift from planning succession to planning the transition of leadership at the bank.” 

Hudson joined Washington Savings Bank in 1997, serving as President and CEO since 2001 in addition to sitting on the Board of Directors.  Hudson plans to retire from his current position at the end of this year, but will serve in an advisory role until March 12, 2014.

“I am truly honored to be selected as the next President and CEO of Washington Savings Bank,” says Doedtman.  “I look forward to working both with the bank’s management team and the Board of Directors.  Most importantly, I look forward to serving the best interests of our banking customers,” he adds.

Doedtman, a Certified Public Accountant, has more than 20 years of banking, financial and accounting experience and most recently graduated from the Graduate School of Banking in the top 10% of his class.  Since joining Washington Savings Bank in 2009 as CFO, Doedtman’s additional bank responsibilities included customer service priorities, new products, regulatory compliance and information technology.  Prior to joining the bank, Doedtman served as Treasurer of a NASDQ company - Consolidated Communications Holdings, Inc. in Mattoon, IL.

Washington Savings Bank, the second oldest and largest customer-owned financial institution in Effingham County, offers a full line of personal and commercial deposit and loan products. The bank, which just recently celebrated its 130th anniversary earlier this year, has received a 5-Star rating, the highest possible, from Bauer Financial for 25 consecutive years.